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Jan 30, 2013
01/13
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somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see you. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one someone happy ♪and you will be happy too. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ quattro!!!!! ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now...
somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see...
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Jan 23, 2013
01/13
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CNBC
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in less than a minute, 50 pounds of truffles were exchanged for 30,000 euros-- about $40,000-- with no questions asked about where the truffles came from. >> [speaking french] >> there's a problem of confidentiality and secrecy. and that encourages a mafia-like attitude. >> michel tournayre, a third generation truffle farmer, says that local trufflers have been carjacked, beaten with baseball bats, and even killed. thieves came and stole his truffles, his trees, and, worse, his dogs. when they took your dogs, what did you do? >> [speaking french] >> i looked for them all over europe. i found a world i didn't know about. it's a world that's rotten to the core. >> did you find your dogs? >> never. >> never. [ticking] >> coming up, the impact of cheap chinese imports. >> if i went to china and took it out of the ground, it still wouldn't taste as good? >> no, no. it's like eating wood. >> that's ahead when 60 minutes on cnbc returns. [ticking] [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive..
in less than a minute, 50 pounds of truffles were exchanged for 30,000 euros-- about $40,000-- with no questions asked about where the truffles came from. >> [speaking french] >> there's a problem of confidentiality and secrecy. and that encourages a mafia-like attitude. >> michel tournayre, a third generation truffle farmer, says that local trufflers have been carjacked, beaten with baseball bats, and even killed. thieves came and stole his truffles, his trees, and, worse,...
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Jan 3, 2013
01/13
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FOXNEWSW
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unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon because after 12 years you're beginning to build the generation of citizens and even more generation of politicians who think this can go on forever. >> greta: what do you think is going to happen with the debt ceiling? people didn't notice, but secretary geithner sent a letter to capitol hill we have hit the debt ceiling. he can now do some sort of maneuvering with the money so we at least have cash for about two months, but we're about to run out of cash and a big fight offer the debt ceiling. what's going to happen? >> first of all, tim geithner, bless his heart, he's a little disingenuous in one sense.
unemployment rate and if it defaults on its next round it's going to end up getting kicked out of the euro zone. why do you say we're on the path to greece? >> well, because the people in greece continue to reject any kind of real reform because they've been so long denying reality that they think they can do it forever. the americans are not that far from when we had a balanced budget. we're not that far from when we paid for what we consumed. but we've got to get back to it pretty soon...
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Jan 4, 2013
01/13
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. >> a lot of tourists don't have the cash on hand, will have to go get euro. >> the vatican reportedly is trying to improve ways to fight money laundering and solve the inconvenience for tourists, but for now cash only is the rule until further notice. >>> celebrities are sounding off on the death of a photographer. how far is too far to get the perfect celebrity photo, why the paparazzi law is heading to the high courts next. >> we'll tell you what kind of crowd to expect if you're headed to the inauguration this month. check out the rundown. we're back. >> this is fox 5 news edge at 11:00. there is s no mass-produced human. so we created the exextraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. queen mattresses start at just $699. and right now, save 50% on the fi
. >> a lot of tourists don't have the cash on hand, will have to go get euro. >> the vatican reportedly is trying to improve ways to fight money laundering and solve the inconvenience for tourists, but for now cash only is the rule until further notice. >>> celebrities are sounding off on the death of a photographer. how far is too far to get the perfect celebrity photo, why the paparazzi law is heading to the high courts next. >> we'll tell you what kind of crowd to...
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Jan 6, 2013
01/13
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first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i just don't think we have the kind of muscle to be able to borrow on such favorable terms as the americans. i think that it's very easy sometimes for the brits to encourage the americans to have expansionary fiscal policy, but at the same time be very supportive of the current austerity program in britain. two not easily reconcilable positions. pleasure to have you. thank you so much. >> and we will be back. >>> 100,000 dead. that is the gruesome total we could see in syria's civil war in 2013. unless the violence is stopped. that's according to the u.n. envoy brahimi and that's on top of at least 60,000 people who have already been killed in this conflict, according to an exhaustive analysis released by the u.n. this week. meanwhile, russia, perhaps the potential savior in the crisis, continues to refuse to act. so, what is the solution? joining me now is fawaz gerges professor of middle eastern politics at the london school
first, america is not as exposed as britain to the euro zone. second, although i'm as big an english patriot as anatole i just don't think we have the kind of muscle to be able to borrow on such favorable terms as the americans. i think that it's very easy sometimes for the brits to encourage the americans to have expansionary fiscal policy, but at the same time be very supportive of the current austerity program in britain. two not easily reconcilable positions. pleasure to have you. thank you...
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Jan 27, 2013
01/13
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there's a sense of calm, a relief that many storms that seemed like they might be overwhelming, like the euro crisis have been weathered. people from america are optim t optimist optimistic, those from emerging markets more so. but everywhere there is a sense of caution. mpw seeing -- released this week, 452% saw no change from the current tepid economic environment. 28% saw a decline and 18% said things will get better. it is still an improvement from last year, when 48% predicted a decline. the last few years of recovery, followed by slowdowns of political crisis, of new terror attacks from north africa, have made people wary of excessive optimism. these are stable, crises have been contained. there's some growth on the horizon, but no one's ready to declare that we have turned any corners. there are no bulls in davos this year, no countries taking center stage. one symbol of the mood, the big splashy parties that companies like google used to throw have been quietly discontinued. not that google couldn't afford it, they just had that their first year with $50 billion in revenue. it's a sen
there's a sense of calm, a relief that many storms that seemed like they might be overwhelming, like the euro crisis have been weathered. people from america are optim t optimist optimistic, those from emerging markets more so. but everywhere there is a sense of caution. mpw seeing -- released this week, 452% saw no change from the current tepid economic environment. 28% saw a decline and 18% said things will get better. it is still an improvement from last year, when 48% predicted a decline....
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Jan 11, 2013
01/13
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if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles.
if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles.
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Jan 8, 2013
01/13
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. >> the euro zone unemployment average reached all-time high of 11.8%. up from 11.7 in october. in country like italy, the situation is particularly dire. youth unemployment registered to 37%. >> here they are lined up with jobs accusation center. >> i don't have any trust in my country. absolutely not. no way out. we have our backs against the wall. either you leigh, if you stay here you are condemned. >> some blame the austerity measures that led to violence across the continent for aggravating the employment situation. greater unemployment comes diminished spending power so you get a vicious circle. still, despite the fact that improvements aren't happening quick enough. the leaders of the 27 countrys leaders from the different political parties learned to reach con ken sus. for example on banking union. >> the leaders have come together to change the system in ways they hope will not only stabilize the euro but lead to longer term growth. >> the euro zone need to do more to convince investors they are business friendly. unless it happens the much-needed job goes elsewhere. >
. >> the euro zone unemployment average reached all-time high of 11.8%. up from 11.7 in october. in country like italy, the situation is particularly dire. youth unemployment registered to 37%. >> here they are lined up with jobs accusation center. >> i don't have any trust in my country. absolutely not. no way out. we have our backs against the wall. either you leigh, if you stay here you are condemned. >> some blame the austerity measures that led to violence across...
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Jan 11, 2013
01/13
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CNN
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if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory, therefore, the instrument never gets shipped. or the customer may find his money is now worth so little, he can't afford it. and if this drought in the revenue stream continues, pushing more businesses and more governments towards default on their debt, then there's a risk of the whole market drying up. so everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years, just thinking about the economy in general, it's kind of a generalized fear. >> for now, they control what they can. >> if we do a better job when somebody's looking to buy a
if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory, therefore, the instrument never gets shipped. or the customer may find his money is now worth so little, he can't afford it. and if this drought in the revenue stream continues, pushing more businesses...
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Jan 2, 2013
01/13
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WBAL
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proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get away with it. all you got to do is listen to the q&a. if you're in a company with european exposure you will hear one out of every two or three questions about europe. asia, about china. you want preventive earnings season medicine, go through the previous calls of the companies. if the plurality of the questions are about europe, you know you're probably going to be in for a bruising next time. that's what the analysts focus on and force the companies to talk about. as correlated with europe as many tech and bank stocks are, it is china that controls so many of the cyclicals. the smoketack compa
proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get...
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Jan 8, 2013
01/13
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euroing we're i don't think we're a blood thirsty culture and we need to look at everything we can do to safe guard our people. >> i appreciate your honesty on this. let me quickly ask you, the "rolling stone" article kind of exploded on our show that morning it broke and led to a fairly quick departure. do you feel misunderstood about parts of those -- the repo reporting -- and is there anything you would change looking back? >> first, i would tell you, as a commander, i take responsibility for what happened. when i came back to offer my resignation to president obama, that's exactly what i told him, i take responsibility, because that's what commanders do, and move on. i think that the media controversy that arose around that, i actually believe that it may not be entirely accurate, but the commander in chief who i worked for was my commander in chief and still my commander in chief. i owe him not to put such things on his desk, not to have him face controversies. whether it's my fault or not, it's my responsibility. i think it's front that i -- i was raised, the responsibility is w
euroing we're i don't think we're a blood thirsty culture and we need to look at everything we can do to safe guard our people. >> i appreciate your honesty on this. let me quickly ask you, the "rolling stone" article kind of exploded on our show that morning it broke and led to a fairly quick departure. do you feel misunderstood about parts of those -- the repo reporting -- and is there anything you would change looking back? >> first, i would tell you, as a commander, i...
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Jan 4, 2013
01/13
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and what we need to do is have congress take these actions, you know, i liken this sometimes to the euro crisis that's in europe, but europe really isn't in control of what happens. it's very difficult for them to take actions. in theory, we could take actions in the house, in the senate and with the president and have all this solved in the next few hours. but -- and they were very close to an agreement. >> yeah, let me ask you about this. obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using that. it's killing us. i'd love to get your perspective on that. >> it's a very dangerous tool. it's one that i hope people only threaten to never use. because if
and what we need to do is have congress take these actions, you know, i liken this sometimes to the euro crisis that's in europe, but europe really isn't in control of what happens. it's very difficult for them to take actions. in theory, we could take actions in the house, in the senate and with the president and have all this solved in the next few hours. but -- and they were very close to an agreement. >> yeah, let me ask you about this. obviously with the debt ceiling, the big problem...
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Jan 30, 2013
01/13
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WBAL
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somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see you. going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when y can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or
somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see...
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Jan 11, 2013
01/13
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CNN
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if the euro gets devalued or the banks or the stocks are in trouble, this american made product can find itself facing hurdles. the shop that wants to order it may be able to get a loan and therefore the instrument never gets shipped or the customer who wants to buy this guitar may find his money is worth so little, he can't afford it. if f this drought in the revenue stream continues pushing more businesses and more governments towards default on their debt, then there is a risk of the whole market drying up. so everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here can undermine the value of those gi stars and force layoffs back home. >> the last few years it's a generalized fear. >> for now they control what they can. >> if we d
if the euro gets devalued or the banks or the stocks are in trouble, this american made product can find itself facing hurdles. the shop that wants to order it may be able to get a loan and therefore the instrument never gets shipped or the customer who wants to buy this guitar may find his money is worth so little, he can't afford it. if f this drought in the revenue stream continues pushing more businesses and more governments towards default on their debt, then there is a risk of the whole...
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Jan 1, 2013
01/13
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WTTG
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. >> reporter: the court ruled a planned 75% tax on those earning a million euros should be thrown out as unfair. it had already been blasted as anti-entrepreneurial. it was branded at the government trying to balance the budget on the backs of the rich. the planned tax hike had sparked word that at least some high rollers were deciding to leave the country. but analysts say the high taxing french ruler is not really defeated. it was thrown out more on a technicality. government is planning to issue a rewarded tax bill and claps there were new tax hinges that the court left in part in mace. the french stock market seemed to like the message. it was up more than a half percent in a shortened trading day. >>> it looks like james bond can do it all. the recently released skyfall is now the most successful bond movie in franchise history. it has earned more than $1 billion worldwide. the film is only the 14th movie of all time to hit the $1 billion mark. others include the avengers and the dark knight rises. >>> adam housley has the details on the hollywood nation report. >> reporter: bilb
. >> reporter: the court ruled a planned 75% tax on those earning a million euros should be thrown out as unfair. it had already been blasted as anti-entrepreneurial. it was branded at the government trying to balance the budget on the backs of the rich. the planned tax hike had sparked word that at least some high rollers were deciding to leave the country. but analysts say the high taxing french ruler is not really defeated. it was thrown out more on a technicality. government is...
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Jan 28, 2013
01/13
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. >> only because the euro is so weak, the chinese are where they are. we can't depend on the rest of the world being feckless forever. >> people like me have been saying for five years, don't worry about these deficit things for the time being. they're not an issue. other people have saying imminent crisis, imminent crisis. how many times do they have to be wrong and do people like me have to be right before people start to believe in us? >> you're right until the day you're wrong, and that's a bad day. >> and he's on the sides of buses in spain. there we go. >> he's huge! >> paul krugman. >> thank you so much. >> this is fascinating. you've got to come back. it's great to have such diversity of thoughts. i'm serious. >> come back. >> spirited. >> the book is "end this depression now!" out in paperback. read it. we'll talk about it more. >> you're too early in the morning. >> you think so? >> yeah. >> why? >> the viewers may like it, but i don't. >> class doesn't start this early. >> oh, my goodness. >> we'll have you back in the 8:00 hour. >>> next, co
. >> only because the euro is so weak, the chinese are where they are. we can't depend on the rest of the world being feckless forever. >> people like me have been saying for five years, don't worry about these deficit things for the time being. they're not an issue. other people have saying imminent crisis, imminent crisis. how many times do they have to be wrong and do people like me have to be right before people start to believe in us? >> you're right until the day you're...
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Jan 11, 2013
01/13
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if the euro gets devalued or the banks or the stocks an
if the euro gets devalued or the banks or the stocks an
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Jan 3, 2013
01/13
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CNBC
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i prefer the vanguard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning about why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been aggressively providing capital injections to banks. last year they cut the reserve requirement three times, interest rates twice. i expect their policy to remain easy. capital injections turned the tide. hit record levels in september/october. something that's helped the chinese economy dramatically as we see from numerous improving macrodata points. purchasing managers numbers, industrial production, retail sales, housing numbers, you name it. china has beaten inflation, they have the flexibility to do more juice to the economy if they need
i prefer the vanguard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning about why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been...
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Jan 18, 2013
01/13
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. >> bob: down side is he did introduce cycling to america, which led to all the euro trash outfits that led to people riding around at 5:00 -- >> andrea: but he was the ambassador to europe. now they're in the cafes going see, he -- >> bob: who cared about cycling before he came along? maybe a few afterwards. >> eric: i lost a mother and sister to cancer. they loved lance armstrong. not because of it,be but because he was a cyclist but it was because he beat cancer and fought off a disease. there are people out there stricken with cancer -- >> dana: tony snow wore the livestrong bracelet every day he was press secretary. we wore it for him. it was based on a lie. he became rich, famous, every comfort in the world. the bost doctors in the world. great, the charity -- >> eric: my sister and my mother didn't look to lance armendariz because he won tour de frances but he beat testicular and brain cancer. >> dana: i understand. >> bob: who would have known that -- >> dana: it's unfair to say people criticizing him for what he did don't care about people of cancer. my grand parents died of ca
. >> bob: down side is he did introduce cycling to america, which led to all the euro trash outfits that led to people riding around at 5:00 -- >> andrea: but he was the ambassador to europe. now they're in the cafes going see, he -- >> bob: who cared about cycling before he came along? maybe a few afterwards. >> eric: i lost a mother and sister to cancer. they loved lance armstrong. not because of it,be but because he was a cyclist but it was because he beat cancer and...
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Jan 11, 2013
01/13
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CNBC
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oh, it's not just china, the dollar got clobbered versus the euro, something that our international companies just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bellwethers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle that i see playing out in 2013. yes, these are clear cases where our themes are the place to circle the wagons during the confusion and din of 2013. we can fret over the new treasury secretary. we can marvel about the battle royale between hedge fund managers over herbalife. please stay away from that firing range. and we can ponder the oncoming train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about, themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on w
oh, it's not just china, the dollar got clobbered versus the euro, something that our international companies just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bellwethers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle that i see playing out in 2013. yes, these are clear cases where our...
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Jan 4, 2013
01/13
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one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit card transactions until you get it right. >> i'm not sure, some people say it is a glyp and we are going to fix this and it will be back to business as usual and other people say this could end up something more serious. where do you weigh in? >> the vatican has said we will sort this out soon. that is the statement they told us today. they said it is an issue of a contract expiring with a service provider. i'm not sure that is the end of it and how quickly this is going to resolve itself. they will still be able to take euros and tourists will have plenty of options to buy the pope bobble heads outside of the vatican city in the shops an
one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit card transactions until you get it right. >> i'm not sure, some people say it is a glyp and we...
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Jan 3, 2013
01/13
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the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trad
the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all...
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Jan 7, 2013
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it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said clinton on the back and on the front it says number 112 which symbolizes the number of countries she has visited as secretary of state. she loved it. she thought it was cool. being hillary clinton she wanted to get back to business. >> reporter: that meant ordering state department officials to get cracking on implementing all the recommendations for enhanced security that was proposed by the accountability review board that investigated the attacks in benghazi and clinton remains committed to testify about benghazi before she leaves office. >> she is prepared to do it at open session. >> at no point again thi
it's part of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said...
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Jan 21, 2013
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. >> euro man tick about -- >> are you? you're not. you're pretty -- >> no, i try to operate in a world of facts and -- >> you're a realist, i'm an idealist. i like to imagine a world where, yes, we absolutely can get it done. >> and she will be on the platform with president obama watching tomorrow as we all will. >>> coming up, presidential life in pictures. two former white house photographers capturing some of the most iconic moments of a president's -- we're going to show you remarkable behind the scenes photos and they're going to talk about how they captured them. michelle obama got rave reviews for her inaugural gown last time around. how the first lady's fashion has evolved over the years and what it means to designers in this country. we'll be right back. s® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experi
. >> euro man tick about -- >> are you? you're not. you're pretty -- >> no, i try to operate in a world of facts and -- >> you're a realist, i'm an idealist. i like to imagine a world where, yes, we absolutely can get it done. >> and she will be on the platform with president obama watching tomorrow as we all will. >>> coming up, presidential life in pictures. two former white house photographers capturing some of the most iconic moments of a president's...
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Jan 27, 2013
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the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of value against the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d b
the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of...
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Jan 8, 2013
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jon, if there is any is that business and consumer confidence is up in the euro zone. some studies are showing, and basically the market turmoil has sort of calmed down, but still the labor markets are really the drain on the situation now, and with bank lending down precipitously there is talk that the european central bank may need to come up with some new measures to stimulate economy, possibly loring interest rates. they are having a rate-setting meeting this thursday. jon: and i'm guessing their actual unemployment rate is a lot higher than the 11.8% that -- >> that is an average across the block, jon, so it's lower in some countries, and as you see really high in places like spain, and youth unemployment, crazy 50% in places like greece. jon: wow, let's hope that is not a glimpse into our future. amy kellogg, thanks. jenna: a new flare-up of violence between new nuclear armed countries. india accusing pakistan of killing two of its soldiers while on patrol near the highly disputed region of kashmir. this comes two days after a fight in which pakistan claims one o
jon, if there is any is that business and consumer confidence is up in the euro zone. some studies are showing, and basically the market turmoil has sort of calmed down, but still the labor markets are really the drain on the situation now, and with bank lending down precipitously there is talk that the european central bank may need to come up with some new measures to stimulate economy, possibly loring interest rates. they are having a rate-setting meeting this thursday. jon: and i'm guessing...
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Jan 22, 2013
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you've got the economy on the upswing, euro survived the big crisis. is there some optimism there? >> reporter: well, schwab, head of the world economic forum, optimistic smiling, says the euro didn't collapse, europe didn't fall apart, there's economic growth in the united states, there's room for optimism. i can tell you if you talk to the ceos, most of the people are ceos and in business, they are not optimistic. there is a deficit of confidence, and that's because you have budgetary problems in the united states, you have the eurozone problem, you have china, india slowing down. these other issues are very much on their agenda. so, you and i, as the week will go on, will distill this into what really they're talking. at the moment, the one word to keep in mind, risk. where it lies at the moment. >> and if they think that it's risky, business people and they're trying to get a sense of where we are with the economy if they think it's risky, how is that impacting us? everyday folks here who are looking at their, you know, paychecks and homes and wondering if it's going to change,
you've got the economy on the upswing, euro survived the big crisis. is there some optimism there? >> reporter: well, schwab, head of the world economic forum, optimistic smiling, says the euro didn't collapse, europe didn't fall apart, there's economic growth in the united states, there's room for optimism. i can tell you if you talk to the ceos, most of the people are ceos and in business, they are not optimistic. there is a deficit of confidence, and that's because you have budgetary...
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Jan 8, 2013
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new this morning, unemployment in the euro area hit a record high 11.8% in november. now the u.s. could default on its debt in five weeks, half a month earlier than expected according to a new report by the bipartisan policy center, it predicts it will hit the debt ceiling as early as february 15th and almost certainly before march 1st despite extraordinary measures taken by the treasury department to delay that from happening. on that day the u.s. will have $9 billion coming in to treas y treasuries coffers, and $52 billion. >> that's not going to work. >> hence the budget wars we are about to live through. >>> federal regulators announced a settlement over alleged foreclosure abuses and bank of america agreed to a $10 billion settlement with fannie mae. bank of america hit a two-year high on the day it had to cough up $10 billion. and rich homeowners rushed to sell their property before the fiscal cliff, sales of luxury homes spiked in the last months of 2012 according to the national association of realtors the goal to avoid the capital gains tax hike and the medicare surtax on
new this morning, unemployment in the euro area hit a record high 11.8% in november. now the u.s. could default on its debt in five weeks, half a month earlier than expected according to a new report by the bipartisan policy center, it predicts it will hit the debt ceiling as early as february 15th and almost certainly before march 1st despite extraordinary measures taken by the treasury department to delay that from happening. on that day the u.s. will have $9 billion coming in to treas y...
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their name went from journal news to the euro news in less than seven days. they don't give a damn. they issued a public statement linking the atros it that happened in connecticut. anybody with any sense our heart goes out. you do everything we can. >> gregg: why did they do that. you mentioned a statement given by janet hassen who is publisher issuing a statement. armed guards, one of our rules is to reported publicly available information on timely issues. we knew publication of a database would be controversial but we felt sharing information about gun permits on the air it was important in the aftermath of the newtown shooting. as a justification -- does that even make sense? >> doesn't make any sense whatsoever. they did it to sell papers and this is violation. this is an unwarranted invasion of privacy. freedom of information is to have an open, accountable government. not to invade people's privacy. i have victims of domestic violence who went off the grid to protect themselves. they were exposed a couple days before christmas by this editorial board. our cops, police office
their name went from journal news to the euro news in less than seven days. they don't give a damn. they issued a public statement linking the atros it that happened in connecticut. anybody with any sense our heart goes out. you do everything we can. >> gregg: why did they do that. you mentioned a statement given by janet hassen who is publisher issuing a statement. armed guards, one of our rules is to reported publicly available information on timely issues. we knew publication of a...
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and unemployment in the euro area, hit a record high in november. crazy. 11.8%. >> 11.8% is the unemployment rate in the eurozone. one of the reasons we look at this, they have been in the mist of austerity, cutting budgets, tightening the belt. something we're talking about in this country as we face the debt ceiling debacle, and in europe, that's causing a rise in unemployment. something economists are watching closely. earnings season will kick off here in the next couple of days. alcoa, the first big one, monsan monsanto. i'm listening to big commeecome. speaking of the debt ceiling, bipartisan policy center says we'll hit the "x" date maybe as early as february 15th. if you don't raise the debt ceiling, the u.s. can't pay all of its bills. a chaotic situation, a real problem. if we hit it then, we'd see $9 billion coming in on revenue, cash flow. that's on the left side. and to pay our bills, we have $52 billion due on committed spending the same day. that's a $43 billion deficit. with interest on the debt, urs refunds, federal salaries, milita
and unemployment in the euro area, hit a record high in november. crazy. 11.8%. >> 11.8% is the unemployment rate in the eurozone. one of the reasons we look at this, they have been in the mist of austerity, cutting budgets, tightening the belt. something we're talking about in this country as we face the debt ceiling debacle, and in europe, that's causing a rise in unemployment. something economists are watching closely. earnings season will kick off here in the next couple of days....
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Jan 24, 2013
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it doesn't have the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half in/half out role for the u.k. that is very concerning to the u.s. because he has raised the stakes by saying he would put it to the british people in the referendum. if they vote to get out of the e.u. that could fundamentally change that relationship. >> let's listen to a little bit of your interview there. >> you see all the economic turmoil in europe. you see it over here, as well, in the u.s., the rambling over the fiscal cliff. it seems to be endless economic uncertainty. >> president obama and i have agreed that different countries should take different pathways accordi
it doesn't have the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half...
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Jan 12, 2013
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if the euro is strong and the economy is stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory. therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find his money is worth so little he can't afford it. and if this drought in the marine stream continues pushing more businesses and more governments toward default on their debt, then there's a risk of the whole market drying up. so everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years just thinking about the economy in general. it's kind of a generalized fear. >> reporter: for now they control what they can. >> if we do a better job when somebody's looking to buy a guitar, they'll look more to our stuff than the other stuff over time
if the euro is strong and the economy is stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory. therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find his money is worth so little he can't afford it. and if this drought in the marine stream continues...
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Jan 3, 2013
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his response was look, i spend over the last 45 year, 145 million euros on taxes. no one can shame me about how much taxes that i have been paying. i have certainly been done a lot for this count row and he outlines the people he employs that includes some vineyards and two restaurants and a number of other things. looking like he might accept that offer of russian nationality and leave the country. joe? >> jim bitterman in paris. thanks for that. a husband offers up a kidney so his wife would move up on the list to receive a kidney. cameras were following the real story on realtime. you will see the video, next. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm
his response was look, i spend over the last 45 year, 145 million euros on taxes. no one can shame me about how much taxes that i have been paying. i have certainly been done a lot for this count row and he outlines the people he employs that includes some vineyards and two restaurants and a number of other things. looking like he might accept that offer of russian nationality and leave the country. joe? >> jim bitterman in paris. thanks for that. a husband offers up a kidney so his wife...
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Jan 2, 2013
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to help ease the country's stagnation and deficit by taxing the rich, 75% on income over a million euros. according to polls, most citizens agreed with this. entrepreneurs have gone wild, saying this would further kill any innovative spirit here and driving already an estimated thousands of wealthy or wanna-be wealthy people out to switzerland, london, including gerard -- the french film icon who starred in "green card" is now bidding adieu to france for belgium which doesn't have a movie theater but is full of tax exiled millionaires. the government has said it unpatriotic, but he equally slammed them, causing an uproar here. >> the problem is france is not a fiscal cliff. it's sort of like fiscal quicksa quicksand. bit by bit, the french are losing confidence. instead of doing what we do in the united states or what they do in britain which is to say you want to work hard, you want to make money, you will be rewarded. >> reporter: it would affect a few thousand people but was shot down because it targets individual instead of household income. the government said it will find a way to
to help ease the country's stagnation and deficit by taxing the rich, 75% on income over a million euros. according to polls, most citizens agreed with this. entrepreneurs have gone wild, saying this would further kill any innovative spirit here and driving already an estimated thousands of wealthy or wanna-be wealthy people out to switzerland, london, including gerard -- the french film icon who starred in "green card" is now bidding adieu to france for belgium which doesn't have a...
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Jan 16, 2013
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the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewed mark zuckerberg. so, is this really as revolutionary as we're led to believe? >> well, it's very big for facebook. facebook has a couple things that people do all the time. they share photos and other things with friends. they have their own little personal scra
the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information...
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Jan 2, 2013
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a euro zone crisis that seemingly has no end, and u.s. budget deficit crisis that seemingly has no end. so on this new year, ladies and gentlemen, in new york, just celebrate the fact that you are up 2% on the european markets. >> okay. richard quest. >> i'm celebrating the fact that nothing else this fiscal cliff, two of the best financial minds, richard quest and christine romans singing. >> dow futures up 200 points. >> you will be singing more later. >>> moving on to other news. secretary of state clinton and her health. that close call. doctors say the blood clot could have been fatal, caused a stroke or led to seizures or epilepsy. she's being treated with blood thinners, should make a full recovery. former president bill clinton and daughter chelsea scene visiting her yesterday. >>> students from sandy hook elementary school return to class tomorrow this is for the very first time since the horrendous massacre three weeks ago. but the children won't be back at sandy hook in that building itself. they will attend an empty elementary
a euro zone crisis that seemingly has no end, and u.s. budget deficit crisis that seemingly has no end. so on this new year, ladies and gentlemen, in new york, just celebrate the fact that you are up 2% on the european markets. >> okay. richard quest. >> i'm celebrating the fact that nothing else this fiscal cliff, two of the best financial minds, richard quest and christine romans singing. >> dow futures up 200 points. >> you will be singing more later. >>>...
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Jan 24, 2013
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greece is the country, remember, that started all of these euro headaches and there's more problems here in january. mass transit strike now in its 8th day. subways, buses, snarling traffic in athens and elsewhere. the workers are protesting salary cuts which have been put in place by the government, again part of austerity moves there. the government today stepping in, branding the strikes illegal and threatening to throw those workers into jail. that is causing more problems with the unions. greece, too, martha, is showing some gains. they're reducing their deficit but again, with more problems. as well, a desperate economic situation in greece. it's got people organizing, bartering systems because they have no more cash. and it is driving extremists to more violence. just in the past week, a shopping mall in athens hit by a many toing. another year, martha. martha: rough stuff. greg, thank you. bill: changing of the guard only moments away from a senate confirmation hearing for senator john kerry, the man expected to be our next secretary of state. we're live in washington. guess who
greece is the country, remember, that started all of these euro headaches and there's more problems here in january. mass transit strike now in its 8th day. subways, buses, snarling traffic in athens and elsewhere. the workers are protesting salary cuts which have been put in place by the government, again part of austerity moves there. the government today stepping in, branding the strikes illegal and threatening to throw those workers into jail. that is causing more problems with the unions....
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Jan 1, 2013
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look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice that the budget mayhem can't continue. wolf? >> good notice. richard, thank you. >>> off an island in alaska right now, a crippled oil rig is running aground. it's carrying diesel fuel, oil, and hydraulic fluid, and the weather is working against recovery. we'll have an update. >>> an oil drilling barge is grounded off an island in southern alaska and a fares storm is hindering recovery efforts onboard. diesel fuel, lube oil, and hydraulic fuel. no leaks have been detected and teams are assembling to tackle any environmental damage. cnn's paul vercammon has an update. >> reporte
look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the...